Which of the following tasks are accomplished by following the audit trail?
A)trace a transaction from original source document to the general ledger to a report
B)trace an item in a report back through the general ledger to the original source
C)trace all changes in the general ledger from beginning to ending balances
D)All of the above are correct.

Question

Quizplus · Accepted Answer

The audit trail allows for the tracing of a transaction from the original source document to the general ledger and ultimately to a report, as well as the ability to trace an item in a report back through the general ledger to the original source. Additionally, the audit trail allows for the tracing of all changes in the general ledger from beginning to ending balances. Therefore, all of the choices are correct.

Which of the Following Tasks Are Accomplished by Following the Audit